IL lawmakers agree to form pension reform committee

Illinois lawmakers will return to Springfield Wednesday for a special session, and a conference committee is expected to be created to tackle the pension problem.

Gov. Pat Quinn, House Speaker Michael Madigan, and Senate President John Cullerton are in favor of the panel.  This is a change in Madigan’s position as last Friday he downplayed the idea, raising concerns about its effectiveness. Cullerton said after the same meeting he favored the idea of such a committee.

According to Madigan’s spokesman Steve Brown, Madigan has since changed his position and is willing to help create the committee.

The committee will try to find a compromise between the differing House and Senate bills.

The panel will have five members — three Democrats and two Republicans — from both the House and Senate.

Quinn wants a deal by early next month.

6 comments

  • carole

    They can have all the committees in the world, but until they really get down to work and accomplish something, forget it. Madigan has been blowing hot air for quite a few years. Time for him to retire and only collect 1 pension. That goes for ALL the political boys who have been double and triple dipping for years. I know, I know, that is the law, but who were the ones who wrote all the laws in their favor.

    • diane

      Time for Illinois citizens to connect the dots. Springfield can form all kinds of committees and hold all the special session they want. In the End…… what Governor Quinn, Speaker Madigan and Mayor Emmanuel want it to transfer all public employees onto the Obama Heath Care program. This will serve two purposes. One being, getting those who supported Obama in the past two election to help boost his program . And secondly , to get public employees expenses off the state's deficit column and onto the federal deficit programs. Yes, Illinois citizens will still be paying for these public employees and teachers but it will be a federal program vs a state program.

      California and Michigan are trying to steer their public emplyee unions in the same direction since they too are having the same issues with how to pay for pension and health care.

  • HIPSTER

    PLEASE DO NOT ELECT LISA MADIGAN GOVERNOR. SHE WILL WORK TO GET HER DAD….AND HERSEF…EVERY BENEFIT POSSIBLE. WE HAVE BEEN WATCHING CLASS 1 POLITICAL POSTURING BY MADIGAN FOR THE PURPOSE OF GETTING HIS DAUGHTER ELECTED GOVERNOR.

  • Johny B

    If they say it's against the constitution to alter or change the pensions then I say amend or change the constitution. In the years they have been doing nothing about this and the years to come that they will battle over this in the courts we could change the constitution.

  • J Cronin

    Why hasn't there already been a committee assigned to the issue already…not like this came out of the blue….maybe we should hold back paying our politicians until they get work done and then lets see how fast they accomplish things. They seem to have no fear of their jobs….what exactly have they done lately?

  • Al Moncrief

    SOLUTION: Change the rate at which future pension benefits accrue, the "multiplier." This does not impact previously accrued benefits. Read the paper by Prof. Amy Monahan, (Univ. of Minnesota School of Law) "Public Pension Reform, the Legal Landscape." Then, reform your tax system, eliminate loopholes, re-amortize your debt over its life, 60-70 years.

    CULLERTON'S CHIEF LEGAL COUNSEL ERIC MADIAR: COLORADO'S BREACH OF PENSION COLA CONTRACTS WILL LIKELY BE FOUND UNCONSTITUTIONAL.

    Cullerton's legal aid Eric Madiar believes that Colorado's theft of fully-vested, accrued public pension COLA benefits is likely unconstitutional. So, why is Cullerton going down this path in Illinois?

    From “Public Pension Benefits Under Siege”:

    “The adoption of the contractual approach by Colorado . . . however, make(s) it more likely that pension reform efforts (the COLA provisions of SB 10-001) will be found unconstitutional.”

    A PDF of the Madiar paper is available on the website of the National Conference of State Legislatures at the following link:
    http://www.ncsl.org/home/search-results.aspx?zoom

    Visit saveperacola.com.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 454 other followers